TrueCar losses stabilize as dealer count reboundsThu, 05, May 2016
Car-shopping website TrueCar posted a first-quarter loss of $11.7 million, up slightly from $11.6 million, as the company expanded its roster of dealers and had a hand in more transactions.
Tesla shares fall 5% on cash concerns, doubt about manufacturing goalsThu, 05, May 2016
Tesla Motors shares fell 5 percent today after the company, aiming to dramatically boost production, withdrew its projection to generate more cash than it uses this year and said it will probably need to raise capital.
Magna's Q1 profit rises on increased vehicle production, Getrag acquisitionThu, 05, May 2016
Canadian auto supplier Magna International today reported an 8 percent rise in first-quarter profit, helped by higher vehicle production in North America and Europe along with the completion of a major acquisition.
Tesla posts $282 million 1st-quarter lossWed, 04, May 2016
Customer deposits for the $35,000-and-up Model 3 sedan helped Tesla raise cash on hand during the first quarter of 2016 as it reported a wider net loss of $282 million. Revenue rose 22 percent to $1.1 billion.
Cooper-Standard Automotive parent posts 46% increase in Q1 net incomeWed, 04, May 2016
Cooper-Standard Holdings posted net income of $30.6 million in the first quarter, a 46 percent rise driven by an acquisition and record revenue.
Off-lease cars, repos buoy ADESA Q1 revenue, profitsWed, 04, May 2016
The parent company of ADESA reported double-digit increases in net income and revenue in its fiscal first quarter, which ended March 31, largely due to a strong performance by the auction giant. Auction revenue benefited from an increase in the number of off-lease and repossessed vehicles.
Delphi doubles Q1 net income following acquisition, global growthWed, 04, May 2016
Delphi Automotive's net income more than doubled in the first quarter of this year, over the same quarter last year, due to the acquisition of HellermanTyton Group and increased demand around the world.
Volvo swings to profit in first quarterWed, 04, May 2016
Volvo swung to a profit in the first quarter as its new XC90 helped to drive growth. Operating earnings rose to $392 million from a year-ago loss.
Continental expects no major hit from carmakers' price cutsWed, 04, May 2016
Continental is bracing for tough talks with Volkswagen and other carmakers over prices, though it does not expect to take a major hit on its results, finance chief Wolfgang Schaefer said.
BMW Q1 profit falls nearly 3% on currency, development spendingTue, 03, May 2016
BMW's first-quarter operating profit slid nearly 3 percent due to currency headwinds and higher investment in new technologies such as self-driving cars.
Ferrari raises forecast after Q1 profit jumps 19%Mon, 02, May 2016
Ferrari said net profit rose 19 percent to 78 million euros ($90 million) in the first quarter, its first as an independent company.
Takata sets aside additional $189 million to cover airbag recall costsMon, 02, May 2016
Takata raised provisions for its airbag recalls that involve more than a dozen auto manufacturers, after denying reports that the biggest safety crisis in the industry's history will expand further.